M&T BANK CORPORATION
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.63B | $5.30B | $4.67B | $4.46B | $4.54B | $4.27B | $3.97B | $3.38B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $2.71B | $2.48B | $2.00B | $1.92B | $2.05B | $1.90B | $1.63B | $1.56B |
| Operating Margin | 48.1% | 46.9% | 42.9% | 43.2% | 45.2% | 44.4% | 41.0% | 46.1% |
| Interest Expense | $386.8M | $426.0M | $328.3M | $280.4M | $284.1M | $343.2M | $402.3M | $462.3M |
| Pretax Income | $2.32B | $2.06B | $1.67B | $1.64B | $1.77B | $1.55B | $1.22B | $1.09B |
| Income Tax Expense | $915.6M | $743.3M | $595.0M | $576.0M | $627.1M | $523.0M | $365.1M | $356.6M |
| Net Income | $1.41B | $1.32B | $1.08B | $1.07B | $1.14B | $1.03B | $859.5M | $736.2M |
| Net Margin | 25.0% | 24.8% | 23.1% | 23.9% | 25.1% | 24.1% | 21.6% | 21.8% |
| EPS (Basic) | $8.72 | $7.80 | $7.22 | $7.47 | $8.26 | $7.57 | $6.37 | $5.72 |
| EPS (Diluted) | $8.70 | $7.78 | $7.18 | $7.42 | $8.20 | $7.54 | $6.35 | $5.69 |
| Shares Outstanding (Basic) | 152.2M | 156.8M | 136.8M | 131.0M | 128.7M | 125.9M | 122.7M | 118.2M |
| Shares Outstanding (Diluted) | 152.6M | 157.3M | 137.5M | 131.8M | 129.6M | 126.4M | 123.1M | 118.8M |
| Dividends Per Share | — | — | $2.80 | $2.80 | $2.80 | $2.80 | $2.80 | $2.80 |